St Jame's Place wealth management

[Stressed]

I attended a pre retirement course a couple of months back. The advisor was from St Jame's Place. He visited me today for financial advice.
Have any of you retired bods had dealing with or invested part of your lump sum with them?
What do you think?

[Tornado]

Dont invest in
8 tracks
Betamax
VHS or
Fire Appliance Manufacturers

Invest in
Private Health Providers
HR consultants
Turkeys that
Vote for Christmas
Slugs that vote for salt

And put a bet on
Labour having a
New leader after
2017 general election

[moneybags-b77]

I advise some research. The Sunday Times has recently run a series of articles about their high, unclear and possibly hidden charges for their services. You might want to investigate that.

Read this link then do some searching on the web yourself:

https://www.ftadviser.com/2016/07/29/ifa...ticle.html

An Independent Financial Advisor (IFA) should be your first port of call. The initial consultation is usually free.

Try [url="http://www.unbiased.co.uk"]www.unbiased.co.uk[/url] to find an IFA near you.

[wally]

On hubby's pre retirement course (civil service) a few of years ago, the advisor was from St James Place Wealth Management.
No problem with the advisor or the advice given.
Can't remember where the advisor was from on my (fs) pre retirement course.
Again, no problem with the advisor or the advice given.

However, we asked around locally and the same recommendations was for a local IFA

[bill.advanced]

I advise some research. The Sunday Times has recently run a series of articles about their high, unclear and possibly hidden charges for their services. You might want to investigate that.

Read this link then do some searching on the web yourself:

https://www.ftadviser.com/2016/07/29/ifa...ticle.html

An Independent Financial Advisor (IFA) should be your first port of call. The initial consultation is usually free.

Try www.unbiased.co.uk to find an IFA near you.

As usual moneybags excellent post.
You certainly picked a good pseudonym to use on here.
Hopefully your post has helped stressed and others.

[Stressed]

I advise some research. The Sunday Times has recently run a series of articles about their high, unclear and possibly hidden charges for their services. You might want to investigate that.

Read this link then do some searching on the web yourself:

https://www.ftadviser.com/2016/07/29/ifa...ticle.html

An Independent Financial Advisor (IFA) should be your first port of call. The initial consultation is usually free.

Try www.unbiased.co.uk to find an IFA near you.

Thanks for your post.
I will say the gentle man who did my pre retirement course and who visited me on Monday could not have made their charges clearer, proposed that he would meet with me 2 to 3 times completely free of charge and I would only pay charges if I choose to invest with them. He also stated that if I choose not to invest with them as long as the pre retirement course helped he has done his job. Obviously he does get paid well for running the pre retirement courses.

[jellytot]

Have a look at this one stressed. They have been out performing the sector as a whole:

https://www.artemisfunds.com/en/gbr/inve...-units-gbp

By the way i am in no way an advisor. They have been top of the most invested in funds on an investing web site I use.

[1977]

Spend it, I put cash away in multi isa after 12 years I would have been better leaving it in a building society. For everyone who gains someone has to lose. If you invest you will get paranoid and check your investments daily. Too much stress, save a little spend the rest. I am obviously now risk averse.

[moneybags-b77]

Thanks for your post.
I will say the gentle man who did my pre retirement course and who visited me on Monday could not have made their charges clearer, proposed that he would meet with me 2 to 3 times completely free of charge and I would only pay charges if I choose to invest with them. He also stated that if I choose not to invest with them as long as the pre retirement course helped he has done his job. Obviously he does get paid well for running the pre retirement courses.

Stressed, you may wish to invest £2.50 buying today's Sunday Times. Have a look in the "Business and Money"section, page 13. There is an article about St James Wealth Management which should be of interest to you.

HTH.

[pablo]

Invested £30000 with them after retiring in 05and lost £3000 in the crash of 07/08.Eventually I cut my losses when my investment reached the £30000 again by about 2010.Pulled it out and as Moneybags said was hit with about £1000 in charges. So 4 years of inv stment and I was down a grand.I appreciate it's a long game but too much stress.Happier now in fixed rate bonds as at least you get what they say on the tin.